US Stock Market Move | Retail stocks plummeted, with Kohl's department store (KSS.US) experiencing a 25% crash.

On Thursday, retail stocks plummeted. Kohl's Corporation (KSS.US) dropped 25%, Macy's, Inc. (M.US) fell nearly 16%, Best Buy Co., Inc. (BBY.US) dropped 15%, and Target Corporation (TGT.US) fell 12%. Lowe's Companies, Inc. (LOW.US) fell over 5%, and Home Depot, Inc. (HD.US) dropped over 3%. David French, Executive Vice President of Government Relations at the National Retail Federation, said that for American businesses and consumers, more tariffs mean more anxiety and uncertainty. Tariffs will be passed on to end consumers, and foreign suppliers will not pay the tariffs.